Image Credit: World Bank December 13, 2023/World Bank The Government of Nigeria avoided a fiscal cliff by implementing bold reforms, including ending the gasoline (premium motor spirit, PMS) subsidy, and shifting to a unified, market-reflective foreign exchange (FX) rate. These essential reforms entail painful adjustments. They have led to an […]
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IMF and World Bank Announce US$4.5 billion in Debt Relief for Somalia
December 13, 2023/IMF The Executive Boards of the International Monetary Fund (IMF) and the World Bank’s International Development Association (IDA) have approved[1] the Heavily Indebted Poor Countries (HIPC) Initiative Completion Point for Somalia, which provides total debt service savings for the country of US$4.5 billion.[2] Following HIPC Completion Point, Somalia’s […]
FED, FOMC Committee Release Economic Projections from the December 12-13 FOMC Meeting
December 13, 2023/US Federal Reserve The attached tables and charts released on Wednesday summarize the economic projections made by Federal Open Market Committee participants in conjunction with the December 12-13 meeting. Projections (PDF) | Accessible Materials
